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Washington This Week
December 9, 2012 10:30am-2:00pm EST on CSPAN

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00:00
long right president standards flexibility laboratories may ago need care years state saying within reduce health reason change believe vermont january reducing oklahoma
00:30
care act saying change affordable laboratories standard darn thing baffle complaining vermont basic governors believe state different expectations calls states levels
01:00
class middle businesses struggling laboratories reimbursements win pay 400 big let help poor pick fact mean state states health federal million vermont getting families exchange subsidies insurance implement
01:30
need care health americans resources uninsured much bill peter thank basic costs allows system nation change shumlin vermont reduces joining stronger threshold
02:00
start million much question thanks governors job republican behind fascinating association cycle decide 30
02:30
run coast states limited arizona convinced term west opportunities atlantic sheikh along midwest across south florida governor upper thinks
03:00
governors democratic pushed republican 30 republicans money democrats association opportunities pool senators senate far tons million reelection races lot arare seat
03:30
majority democrats looks senators house next democrat regain reelection money lot democratic month 65 climb nervous lose 2014
04:00
little pacs finance pressure easing rules previous roles six corporate figure much competition bound associations played cash checks super
04:30
brown anywhere democrats governors attention reelection pay run key ever young jerry start state today maybe three learn office states oldest served clinton rematch governor
05:00
governor virginia optimistic jersey goes attorney ms christie decided waits typically tulips seemed thing sandy pretty turn general run chris
05:30
running governor happy chairman national committee guaranteed thinking democratic independent decided virginia former run
06:00
wisconsin victory probably president successful presidential ago high 2016 five years scott nouts obama talked pretty coming recall walker called hopeful sizable
06:30
national captioning continued institute democrats newsmakers mix erin 2016 2012 beat corp last reid month scott peter thank cable owhat wlison sunday mcpike walker suspect shumlin captions performed copyright satellite
07:00
today decided case indiana establish 623 newsmakers constitutional clock
07:30
black effects let minorities lesser accusations voter identification people misrepresenting state disproportionate finish implies hear
08:00
vote process white vacation black americans either specialist fees minorities always people special deal
08:30
aspire crystal people rules tonight feeble haskett treat zandy wrigght follow everybody 00 mark concessions minded victims else need kevin
09:00
hour joint minutes economic testified committee 40
09:30
thank witnesses statement challenges personally terminology dr vice turn today cliff brady later greet range whole order issues chance fiscal broadly burgess opening everyone chairman umbrella congress confront committee described sometimes
10:00
ask basic questions result must confront difficult relates impact challenges middle issues midst income happen tough families couple
10:30
families employment jeopardize increasing triggering unemployment job deep cuts broad count cliff taxes united across fiscal states growth called halting driving instead country economic recovery programs agreement
11:00
cut tax need payroll congress percentage puts role path 2012 point smart reach keeps played fiscal builds making revenue sustain economy earlier growing economic spending progress extended generate stability agreement important
11:30
tax keep 000 growth payroll legislation 400 511 job next 2013 jobs last point couple months provide economy credits growing evidence economic recovery employee creating boosting continue momentum estimated cut yesterday introduce percentage
12:00
small businesses ahead confident successful includes compromise grow legislation reaching days congress incentive
12:30
today season middle income holiday families face forward enter regard uncertainty deficit many hearing protecting experts reason americans taxes without reduce
13:00
cut spending whether trillion knowing democrats bi continue additional nearly republicans need partisan last next together revenues bring taxes
13:30
cuts spending automatic investments right distinguishes hard indiscriminate agree gains half point bottom act fought fall across long tax afford reach nation core margin years budget control must instead trigger short reverse foreign gross history need balanced term balances 2013 trillion needs congress approach fails democrats agreement 2021 increases backwards place percentage bipartisan past republicans 2011 board
14:00
tax cuts middle spending increase protecting gdp cbo live jobs boost class order talked simply create income revenue million protect without reserved utilizes families business estimates extending
14:30
tax families 98 republican wealthiest among encouraging individuals much gdp right house speak enact jobs class taxes cut senate reduce middle create debt safety paying let ensure moving deficit boosted face million members help wealthy raising resolve economic away increase approach includes need
15:00
among growth need history rates marginal saw economic 2000s wealthiest relationship lower 1990s tax
15:30
rate top marginal million jobs wealthiest clinton individuals following grew administration raised economy tax added fastest years generation eight 22 first
16:00
end hearing congress watching recession vulnerable tax dax act rate hope 2007 began never class lower people middle decade across reviews waiting economy members helpful country regained strength families
16:30
change leaving chair brady forward working chairman hope great congress friend committee vice serve bipartisan served success honor ll kevin seats
17:00
behalf congress committee concluding republican used recognition vice wish chair kevin thank 112th brady seeing people senate unique equally hearing divided opening members services grateful chairman division gridlock witnesses next introduce producing statements
17:30
senator casey issues committee washington debating bipartisan worked joint cooperation economic widely forum together respected brady riced
18:00
senator virginia committee retiring alexander recognize secretary leading energy government treasury leadership mexico hamilton character observe
18:30
avert fiscal president cliff propose responsibility must plan help pass lead real house abyss obama senate bowles called divided simpson advocate commission bipartisan government withdrawing recommendations
19:00
president republicans obama offering observed deal street favorably cliff unnecessary act accept offer boxing journal plan wall
19:30
revenue spending cuts cliff balanced anticipated yet four plan less fell fewer wants every taxes dollar casual higher nearly fiscal called dollars obvious observer solution involves involving president repeatedly
20:00
plan system driving entitlement percentage unrestrained gdp got 128 high debt lacks calls round growth reform higher another kidding spending trillion stimulus deficits estimated president
20:30
keep promises even excesses federal confiscate pay government income entitlement commitments simply million
21:00
plans fiscal government fees downgraded entitlement budget unsuccessful again debt credit become dr sources revenue rating deficit achieve none hassett country tax average without reform secondly adjusted sales proposed examined cuts moreover sensible failed spending increase drawn services revenues avid recognize generally higher reduction countries successful goals
21:30
tax top 2001 combination expectation expenditures act harm rate cuts rates argues policy income affect thirdly capital economy however raising extended analyzed medicare analysts reduction preferred president extension government consumption
22:00
ordinary profound policies president resulting consequences 35 go 25 49 15 tax long jobs fall term taxes wages stock lower obama fewer income affect higher capital negative
22:30
much faster class wealthy fall three everyone reveals economic booms raise important income facts high middle earners data harm else taxes
23:00
tax rates congress revenues eliminate reductions low high ways bust enact lower hiking people reform better income report program federal economic increase interest
23:30
economic president percentage exploration regulations administration help past done open lands grown areas solve energy growth fiscal federal economy balanced approach offshore problems
24:00
billion dollars 2012 deficit treasury 650 collected additional fiscal
24:30
forward economy solution bipartisan republicans find individuals long grow term ready thank today gives obama stand create far better burden invest fallen evidence balanced let american citizens optimism witnesses introduce president bad testimony businesses remarkably
25:00
moody witnesses analytics public zandi economist businesses policy dr influential macro policymakers source racquets looks chief
25:30
dr phd fiscal approaching pennsylvania term introductions holds thank zandi theme cliff fellow report senior achieve hassett recently director received american laughter stability assessing recurring effective institute published enterprise long challenges university journalists
26:00
university went previously everything pennsylvania administrations tax bush sure board today stock agree george market system policy worked school senior clinton federal economy reserve research graduate columbia business includes economist governors
26:30
resolve personal treasury becoming lawmakers opportunity dr let mine soon debt thank zandi three kevin issue views cliff honor second rarely issues friend fiscal ceiling raising
27:00
allow spending third cuts stabilize decade increases gdp end long reduction things achieving tax term sustainability fiscal deficit three need ratio
27:30
cliff severe cbo probably subtract policy gdp unchanged fiscal recession others percentage terms points done change 2013
28:00
cliff needs minimum need reserve severe response weak confidence scaled underestimating scale gdp unclear hit
28:30
drag changes deduction consistent percentage deteriorate gdp next half speed drive limit argue seeing budget weaken policy europe fiscal smooth points economy becomes
29:00
lot ceiling considered uncertainty tax presidential anachronistic rid law next nice debt deal form nicer needs terms great damage extend reasons program holiday creates problem economy election emergency eliminate increased extending altogether
29:30
trillion carefully reduction confidence considered sustainability 10 tax half need next debt push side years basis fiscal revenue minimum deficit ceiling regular address balanced election approach damaging
30:00
tax cuts trillion medicare security approximately 400 half rates items leave reform higher budget social billion savings spending interest medicaid programs together
30:30
control economic part political simpson increases doable cuts consistent goal achieve articulated spirit bowles implemented act revenue spending path budget add
31:00
nail need finally affected uncertainty bail perspective investors investments economy struggle killing business yet decisions laying hurting
31:30
thank dr hassett progress zandi committee problem recession great reasonably address appear nail running pleasure always lot since
32:00
cliff fiscal always collegial part lace testimony short testify leadership term dr consequences parts section broken concur described honor zandi
term near effects government significant consequences gdp offs debt long part face tough trade ratio throw second policy worried putting discuss changes economic tomorrow negative problems evidence recession testimony
33:00
high debt levels growth economic analysis sophisticated shows literatures began government low confirmed overwhelming analyze early
33:30
result intuition tabulation identifies significant perspective 73 gdp run put gets debt point gross ratio paper simple growth affect deficit tipping economic negative provides
34:00
gdp forecast increase calamity financial significant 10 add end next years looks story ratio might worse reduce growth decade picture effects alarming
34:30
europe relative countries turmoil struggles greek long stability recent projections study term consolation crisis examined much
35:00
act basically producing countries adjustment continuation hurt debt paper gives found shows unions growth burden bigger recent future farther urgency european possible theorize policies
35:30
growth economic normally america crowding 2040 different urgent government world fundamentally expect suggests unity move
36:00
fiscal consolidations spending reduction literature colleagues much looks using along study large found metric likely except heavily another deficit achieve success example weighted
36:30
tax consolidations increases speculate trajectory entitlements dr find easy real lift heavy tough zandi rates agree result fiscal toward heavily reforms discuss choices weighted spending positive
37:00
thank creating wrestling something political challenge dr mr heavy rough start agree enough higher stakes comment talking forward hassett america outline chairman probably
37:30
tax job cut cliff fiscal expiring sure debt many lose sight broad least urgent growth trying handle making whether creation priority outlined comprised provisions extensions components description
38:00
consider bang impact biggest terms spending economic given discussing cuts today buck
38:30
things effective taxpayers absolutely estimating unemployment tax cbo 250 000 less bang buck basis rates grand terms small scheme extend annual current program consider insurance emergency necessary happening
39:00
job compared economic growth calendar 33 measurably costs opportunity unemployment rate million
39:30
fall program much falling million reserve expected people emergency significant limits collect next
40:00
spent holiday consider income gets positive designed helps buck affective lower households might tax payroll high bang
40:30
middle affect remember income pay designed scaling probably sense low effective ground households making program help
41:00
question disagree downward stimulate dependence distinguished dr try lead gets kind onto topic right thank cycle place shots talked things spiral asking friend bigger keynes hassett national comments measures
41:30
possible american speculate americans businesses unemployed one fix big help best time right sight rally might incur thing shots future relief clarity problems
42:00
thing better question since dr questions hassett opposition pose interesting issues appreciated ask moment anything worth let best
42:30
agree cycle support fact dr problems done temporary running 2009 dependency hassett term phase fix economy need long
43:00
fiscal drag 2011 respect gone economy policy stimulus subtract growth smooth neutral need 10
43:30
rule drag minimum debating smooth headwind committee long government need much better keep run
44:00
feels cycle dependency labels response limit let different stimulus interject thing debt dealing 2009 comment possible ask 2011
44:30
careful analysis moody difficulty interested cycle perspective observations put seeing
45:00
gdp growth playing starting keynesian multiplier lot away mail game think needs might folks lower spend really policy checks effect decide change happens problem
45:30
pay phase equal negative cbo acts policies opposite analysis third look something effects need three hangover run end long
46:00
spending need emergency recognize hangover proposing 47 promising problems president cuts period increase fix 57
46:30
spending scenario described president countries aggressive may exit head lend base plan many money paper world might small guide people posted quicker consider argument
47:00
half almost successful succeeded percentage consolidation uk ago past able ones copy share years paper might great things handle surely bigger revenue certain comfort succeed argument spending approach
47:30
chairman mr congratulate revenue millionaires much billionaires fine election consolidation fail selected seeing done brady heading committee chair exit yield thank
48:00
proposal president solution committee witnesses distinguished dr gap ask need long next term this close zandi apart agreed speaker several achieve million outline dollars boehner congress
48:30
proposal move forward tax economy amounts employed apologize amount revenueident people numbers fair
49:00
tax period speaker trillion roughly proposal reform kind proposals billion reasonably rates 600 higher boehner 10 year
49:30
tax billion 800 reform revenue roughly split trillion taxes suggest view apart difference 700
50:00
talk tax billion 000 dollars might 600 discuss spending rates trillion president scale higher side 700
50:30
cuts forward need proposed boehner spending proposal clear proposals president short speaker much
51:00
trillion reform process part spending almost security sit stability double proposing target need things social fiscal end cuts needs
51:30
cuts medicare proposing difficult arithmetic structural ok 600 run cut big rate tough table really unless moment change program billion spending medicaid
52:00
running horizon analysis tremendous opportunity sustainability dr 10 end far gap year sure hear line close thank apart bottom expire fiscal hassett
52:30
billion gdp 600 deficit generations consolidations 10 cut end run 300 next debt hand kids years lower growth fiscal buying future economy thriving mentioned forecasts
53:00
small consolidation live proposed long question europe president kind ultimately world years growing 10 run
53:30
growth interest kind probably speaker ordinary something boehner economists people consolidation bigger proposed focus hope thank
54:00
dr heard ideal talk ratios roughly lay trillion situation let zandi
54:30
found really spending number the year increases question president tax last reductions trillion negotiations offer ceiling actually looked debt haven
55:00
spending gives president insurance increase whatsoever cuts entitlement current unemployment offer saw reform extension delay test
55:30
cuts needs 600 years billion 10 roughly spending next
56:00
things significant agricultural specifically policymakers entitlements lot cuts need guts name takes ideal reform answer budget propose reforms spending question discount medicaid programs medicare subsidies difficult important implement
56:30
side really discussion table cutting seems lot members quickly disappointed hoyer mr revenue party notably debt later
57:00
ceiling attention beginning testimony initiative policymakers rob year 2011 debt rule adopt cover agree caught dollar budget called support version offered portman address senator something lawmakers
57:30
rule spending form comments exactly adopting isn safeguard trying appreciate reductions dollar everyone
58:00
isn rid idea need others sequester let suggesting context debt already things ceiling agonistic broad law place
58:30
dollar 50 suggest forward need version considered rule incremented one least
59:00
need structure sure budget ceiling yes fiscal discipline nail sustainability rid view rule law debt toward form
59:30
dr thank stick much economy zandi bad indicated crisis inks testimony need appreciate people show plan august 2011 hassett limit debt
01:00:00
index country best authors co agree economic testament paper innovative uncertainty avoid future cool done yes
01:00:30
uncertainty estimated happening inactivity subtracted consequences gdp add run long need egos debt takes limit summer caused growth levels concede control benefit spending probably struggle
01:01:00
struggle last deficits spending position necessary run cuts long call debt went ready might worth means lower order summer higher growth whether enforce national economic fullness
01:01:30
debt reduction something political difficult defaulting need stop occur helps never saying course expert better limits process willing deficit default national politics spending position
01:02:00
debt default might willing february something january last cuts circumstances position force order spending need sir national necessary history summer
01:02:30
using seminar party power history moment struggle limit debt negative fiscal academic done distract impact policy long thing
01:03:00
serious congress august meet treasury secretary ability seen leadership refuse obligations threat last never effort 2011 adopted offer
01:03:30
debt certainly absolutely understand experience concentrate dr set law bad need raise zandi tries limit happen causes repeal policy taxing conduct thought spending policies
01:04:00
really forward problem interest estimating downgraded gdp cbo bad 2011 mess july debt money worse clear costs august impact better pretty costing
01:04:30
need thank chairman approach political experience mr rid bit mind find debt rules wrong little things pursue budget ceiling senator credible question
01:05:00
privilege difficult christine disappoint reelection constituents imf mind find human place asked europe people rather please system taking awfully meeting reforms natural lagarde tendency
01:05:30
answer reforms crisis mode fiscal revolver trigger summoning temple europe collective capable absolutely asked politicians finger without place unless taking
01:06:00
people problem cause years politics debt exactly represent 2011 defaulting need resolve experience tell disappointment pain gotten without threat steps never
01:06:30
modified congress problems response structure comfortable 10 put door long much pain term years today terms times place saying joints dozens hardly develop assured perhaps solving sustain banging
01:07:00
factor provide political consensus situation generations 10 fix big let long kind hand term years alone growth system policy around months future
01:07:30
answered response position important leverages politicians add need ways cents worth terms react maybe order stated really asking wanted points already address leverage
01:08:00
case congress chairman response experience constituents mr yes big next undo line thank basis doors hurry europe current outside regular putting revolver
01:08:30
right thing people ll problem body clarity roughly economy unless institution engaged comes answer end history faith
01:09:00
debt healthy country senator beginning cascading far deal right thank since short thing dealt saying trying fiscal future respond capable deficit decades ceiling
01:09:30
scary fragile need usually agree forward else economy thing everything try opportunity right protect move
01:10:00
possible agencies credit timeframe downgrades rating predictions interpretation based question
01:10:30
deal beltway lot outside people counsel negative guess reaction experience faith better sure
01:11:00
need short trillion debt much treasury order something deal downgrade words sustainability help avoid fiscal mean lows fall
01:11:30
ok social security rather need perfectly solvent colleagues term reasonable brought commission near set reforms problem embark lot talk
01:12:00
reform awise support clinton levels long believes gives americans course code wealthiest agree see assessment chance term greater tax rates
01:12:30
need away reform number alone consider tax deduction goal charitable path agree
01:13:00
tax need raise rates income houses arithmetic taxes revenue upper higher kind end reform households middle lower seems
01:13:30
tax reform closing loopholes corporate bring complicated nail framework terms try deal subsidies debt kind figure absolutely rate year
01:14:00
senator bring respect disagree revenue necessary corporate coburn assessment great rates neutral deal goal
president businesses efficiency misleading unemployment accomplished 97 high need seek seen ways sale ebay terms place small little anyone profit economic friendly affected statistic concerned continues
01:15:00
income calling half bracket strongly business disagree small
01:15:30
long thank hassett president term colleagues liability sacrifices ask dr pennsylvania proposal really willing specifics right path
01:16:00
billion 600 revenue spending describe tax reduction various administration increase 200 forms trillion fees clear 60 headline put restraint wants looks
01:16:30
billion 100 meant deferral long referral stimulus additional 400 sequestration things clear spending add
01:17:00
spending restraint billion might headlines maybe 600 legitimate revenue legitimately eight 60 200 wanted times ratio deduct trillion write fair right
01:17:30
spending reductions almost president lot overstated programs recidivism sense tax systematically appears years recent increase right
01:18:00
savings spending president virtually restraint materialize less much gets sure money talks spent taxes almost launch future reality nothing promises research proposal stimulus specific suggests entirely
01:18:30
consolidation almost fail certainty president proposal kind reciprocal world successful envision impossible shape economy ratio absolute point
01:19:00
cuts willing promise growth spending economic saying generating kind government years healthy
01:19:30
tax rates higher marginal limitations expenditures count next level value states paying taxes afford brings 41 income looking capital include issue discuss varying 45 federal package calling addition gains increase spending cut americans reduction dividends president throw recession government deductions top
01:20:00
tax likely exceed increases wants 50 president certainly cataclysmic half precipitate dividend 45 income recession 15 got
01:20:30
negotiations response position something reductions ridiculously tax saw lot bad call news side start maybe equity markets imagine extreme package dividend positive question movement
01:21:00
created meet extreme instance revenue taking proposal side recession looking throw political arguing imperative anybody areas halfway harmful rather
01:21:30
least economic security generated generating expenditures far harm less part view rates phase value retire damage social revenue raising advance shouldn example marginal reducing changing benefits
01:22:00
inflation spending positive medicare escalating significant fed done cuts care right people growth health driver future control worried clarity america expired morning
01:22:30
inflation major couple slowed matter health care sharply heard medicare last years things let
01:23:00
positive affordable likely services means probably less economy experiences care developments sure growing act demand evidence weak due
01:23:30
act payment benefits board advisory exchanges care insurance independent reap works
01:24:00
health care tax unfettered consumption transparency gold sick start folks terms costs costly growth create plated package shopping policies cadillac insurance encouraged
01:24:30
program potential may following programs structural interesting changes significant worked developments voucher premature engage much path
01:25:00
early cliff february hesitate stay achieving economy temporarily agreement coming significant without investors looks necessary began lawmakers long deal damage
01:25:30
lot february schedules permitted likelihood withholding end mid bad deal debt bond month stock happen market really things freeze depend coming prices damage decline ceiling whether reacted treasury discount
01:26:00
deal bad given tax extended 250 findings curious assumption immediately better income believe cuts 000
01:26:30
tax cuts nailing done spending wealthiest create brinkmanship tied reason code nation package
01:27:00
done deal playing skeptical damage political significant works sustainability term long nailing end
01:27:30
thank chairman handle apologize guess tremendous observer appreciate bit leadership terrific next much leader approach brady vice late
01:28:00
irresponsible equally solution broken consensus code dealing discipline key challenges facing biggest voluntarily tax cliff address spending issues fixing sense
01:28:30
recession spending returning continues investment government pre cut lag 430 area 2008 might today works levels growth missing deficit billion average economic recovery business consumer
01:29:00
something encourage dividends increases economists investment mr big view rates gains teach brady taxes things threat capital economy raising classes marginal negative graduate business
01:29:30
handbook editions business dividend economics significantly tax lot mark gory hurt firms study later taxes detail public effect called chapter negative spending
01:30:00
future firms spending hurt dividend higher businesses anticipation decide tax significantly paring capital taxes lot
01:30:30
lot investment re making recovery data investing businesses cash slow point
01:31:00
reason investment fundamental investments stabilization disappointing try help tend view focus early pretty policy driven steady cycles economy address scholar problem writings recovery business consumers stabilize recoveries recessions identified consumption fluctuating
01:31:30
solve deficit investment convenient politically unattractive tax weak right rates place rating accept higher really invest credit economy serious proposal agencies investors
01:32:00
plan social medicare security number sustainable word path sustainability addresses gdp ratio president lowers find looking adequately magic debt needs
01:32:30
proposals context believe fiscal achieve substantive ones sustainability hard enough
01:33:00
need deficit trillion common proposal year reduction ground president 10 republican plan looking
01:33:30
looking major different agreement grant changes number proposals structural cbo general scored discussion current approaches context block programs ground common
01:34:00
reform horizon problem medicaid medicare entitlement 10 ok 30 year long easy path term 10th right tough cents years quest number budget solved voucher suggest support premium context becomes 20 whether dollars thinking
01:34:30
step term medium direction force realities economic cbo difficult fiscal incredibly slightly talk makes scoring face different long cliff
01:35:00
might committee attention testimony definitely indefinitely pay need area long term road ahead impact medium effect bigger warned signal adverse written economy kicking failure thought observed troubles progress analysis something
01:35:30
model economy much cripple reason recourse used interest breaks national start debt analytics moody without point left 2028
01:36:00
sure money medium long tax suddenly planet increase tend fix avalanche fiscal argentina risk print enough term fast
01:36:30
cliff happen avalanche coming avalanches point conditions different approaching snowpack hits present something thing built hit
01:37:00
things right important generation elaborate nail completely kind impossible becomes mind opportunity threat characterization control steal avalanche credit agree
01:37:30
avoid far really credible fiscal re balanced path avalanche apart ultimately able sustainability means golden put
01:38:00
happen model breaks long need answer forced problem soon five avalanche order conditions never six four years within avoid next thing
01:38:30
something credit forward thing avalanche happen downgrade stuck netherworld growth contemplating slow nailed address bad sets
01:39:00
funds happen credit avalanche types kinds downgrade question important call investment invest set market chartered things right money
01:39:30
downgraded debt pretty bank avalanche sudden treasuries treasury funds downgrades likely significant trigger grade certain fact relative wouldn
01:40:00
rates certain grade managers invest jpmorgans money downgrades divest agreements relationship world clients bonds
01:40:30
means credit markets recognize political ultimately nail thing firms cause funds hedge people create equity amount adjust process private reality turmoil greater nowhere changed preserve problems
01:41:00
thank balance question chairman entitlement sustainability mr
01:41:30
balance consolidation testimony successful 47 unsuccessful methodologies 53 tax cut cuts full page walks using range second relied fiscal spurred revenue looking average patience grateful consists spending question increase 85 witnesses different paragraph
01:42:00
kevin whether sense respect 15 depends spending approach varies depending considerably lot number country agree cuts 85
01:42:30
thing really monetary revolving benchmarks consolidation lot paper rates cycle great issues policy around trying fiscal depends another respect economy reserve interest business
01:43:00
fiscal speed context makes days becomes balance spending limit last consolidation strong counterproductive tax case couple quickly imf much issue
01:43:30
spending larger proposed today 85 something much context previously 15 multipliers weak thought particularly buy having economy kevin cut right large
01:44:00
balanced thing spending tax two avoiding system stability gets avalanche fiscal reasonably taxes kind place talking ratio one last
01:44:30
spending cut difference mortgage reform important looking competitors questions check perspective cuts interest thing find economic point deduction anymore tax global
01:45:00
countries crisis different 20 difficult grew credible financial believable real economy politically showed owed cuts reverse spending large cut times nine
01:45:30
send signal difficult confidence discussion politically cuts real grow right cliff model proven fiscal making economy reforms reverse created serious credible investors
01:46:00
crisis meeting chairman warning subprime last financial getting avalanche order committee missed analogy house thank
01:46:30
debt end slope better fiscal ceiling put huge buys type rates front things nobody solving package problem likewise economic tomorrow interest treasury february solution estimates avalanche increased confidence separately comprehensive
01:47:00
need thing package debt achieve fiscal together done eliminate apart sustainability break cliff ceiling needs scale raise
01:47:30
thank testimony pretty agree witnesses appreciate meeting leadership without close minute objection much 90
01:48:00
full hearing grateful record americans challenge clear statements substantial text opening
01:48:30
last chairman committee jeopardize compromise lose successfully six right gains years cliff done brady steps states ground united member need afford regard fiscal assign hearing reached path enjoyed looking forward economic recovery congress vice mentioned confident stability
01:49:00
issues grateful economists perspective relationship manufacturing top non job seek vice many today great brady sector profit nation leaders parties working deficit answers creation informed chairman business insights community reduction
01:49:30
served retiring committee recognize congressman continuously 25 end 1987 york 1996 1998 2005 years three senator service forward members present bingaman congress
01:50:00
national captioning satellite adjourned institute additional open 2012 five days corp thank cable submit member wishes record remain nothing captions business committee performed questions copyright statement
01:51:00
storm speak explore ongoing centers york history recovery jersey week literary span2 albany hud culture span3 fema
01:51:30
house states impacted january roundtable jersey castration levenson discussion robert guest senators york bespeak triggered storm next
01:52:00
span policy affect state eastern journal york washington 00 sequestration live budget
01:52:30
trade world center history dedicated photographs 11 put site tell touch story folks steel using place tower piece south museum attack moments decided objects gallery attacks
01:53:00
steel piece tangible aluminum experience dramatically 11 10 bent help strip north gives metal tower within floors impact flight opening windows building visitors
01:53:30
local vehicle every tv history content building floor took appeared marked research join american bothis numbers week span
01:54:00
next behind fugate albany donovan hour capitol craig literary life testifying shaun scenes
01:54:30
today big question answered senator blooming certainly called paul important stead constituents asked skin country smash hope
01:55:00
enough must prepare opening strong forward able statement sorry absolutely move start reverse ok
01:55:30
heard today challenges supporting responding opportunity long life loss term face talk sandy thank impact tragic region testify massive followed progress recovery hurricane witnesses
01:56:00
storm affected aftermath rebuilding structural opportunity hit help deep area many roots today damage visits honored dealing pleased friends several someone efforts firsthand
01:56:30
suffering residents responded proportions competently communities fema epic speak needs state storm local level served efforts quickly briefly discuss constant disaster recovery personal reminder families officials affecting
01:57:00
fugate efforts evolved significant local bill authorities president play congratulate senator coordination special bad redevelopment address respect role effective asked finally
01:57:30
including temporary engineers mobilizing charitable organizations hu hug fema army plus corps state local provide housing variety priority homeland included security specially providers officials
01:58:00
disaster area displaced citizens mandatory counties 000 thousands getting moratorium includes 300 information identifying appeared units available 90 issued
01:58:30
area homeowners problem hurricane katrina 300 000 insurance occurred eliminate working rita assistance mortgage company used disaster payments damages dam provide
01:59:00
funds generators properties multifamily replacement infrastructure hud sure home used owned repair making waivers provide housing flooded boilers existing broilers basements authority providing
01:59:30
created disaster addressed president consulted hurricanes 20 long lend read part term grew group state obama local agency charge nation effort relief related katrina federal closely success composed recovery response security
02:00:00
published framework president adequately recognizes governments lead 2011 draft final range issues normal effort public comment version address disaster national recovery regional allowing applying
02:00:30
homes hurricane thousands necessary relationships redevelopment due job help tens many sandy power damage issues rescue others strong leaders broader housing without ongoing affected families response developed including
02:01:00
must homes distracted responders recognized communities fema 21st sure jobs build today ahead silly whole century rebuilt smarter agencies stronger continue resilient immediate president resiliency
02:01:30
whether century response large generator involve gas decisions undertaking capable significant rebuild station small 21st
02:02:00
disaster planning identify impedance obstacles communities fits wiwe best size long live term joyce needs state local smart areas comes people engage involve forward choices project leaning efforts
02:02:30
communities parties built overnight sustainable mentioned piece significant accomplished critical weeks appropriation public include viper decisions surely local
02:03:00
rebuild priority people today questions impacted confident help count committee efforts communities may test opportunity smarter stronger region happy answer
02:03:30
thank better enabled long opinion respond president lead term appointed effort enthusiastic able action capable much took
02:04:00
disasters congress response continue secretary capability van able fema fund last point donna funds fully purses relief respond dealing insures billion ongoing balance disaster previous decision
02:04:30
fema housing require based challenges finite far assistance programs impact significant issues supplemental transit month major damages sandy resource much beyond
02:05:00
framework important president supportive assistance recognizes 18 why move much felt build homes roles renter burden months limited provide cabinet decision continues
02:05:30
looking programs funding long economies whole sustainable existing needs supplemental drf infrastructure housing best term federal need addressed restore range
02:06:00
echo legacy beem another store directed hit disaster told congress recovery team unless
02:06:30
capability coast certain katrina builds carolina exist oftentimes legacy management teams far south states areas
02:07:00
already temporary days survivors push programs resulting 30 resources fast returned assistance billion authorized cases damages direction renter occur storm
02:07:30
affects together never bringing citizens resources needs challenges received deal capability people mean populations support help governor match homes small
02:08:00
needs quick continue unmet destroyed cleared disasters commitment whether presidentially judge governor state may hard
02:08:30
efforts present recovery necessary catastrophic extraordinary mug hit help done fema stop last left share ready event guess storm money really fought coffee little respond another funding
02:09:00
money language ask response strong committee something least businesses great let consolation break advocacy homes lost
02:09:30
minute describe challenge weeks forward described happen eloquently next provide consequences record supplemental dax billion congress ocould impact
02:10:00
need question answer resources point obviously morning important began constraints female fema record critical views
02:10:30
whether decision access homeowner stop ll resources available rebuilding assistance rebuild waiting literally lives 31 000
02:11:00
loan small businesses programs often supporting damaged neighborhoods thousands administration business limited destroyed stopped deeply prospects impossible shaky smaller
02:11:30
decisions need tracks beyond types economy literally weeks important goes shore attest next
02:12:00
businesses entire move recover eloquent whether small decision testimony restore begin supplemental enough jersey able quickly season new summer
02:12:30
literally resources important mitigation importance critically next part many backt weeks plans rebuil months smaller knowing smarter focused morning available something mentioned decisions
02:13:00
hand rebuilding streamline hurricanes mississippi transportation rita house folks plans states reform public katrina calling filling witnesses louisiana yesterday important presented testimony assistance
02:13:30
reforms inherent aid statement provide something examples interested opening flexibility limiting using implemented recovery ways elaborate tools
02:14:00
phase project looking design estimate state sense hospitals rather reimbursement final seven jurisdictions agree others lot issue
02:14:30
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02:15:00
happens funds federal concerns savings applicant slows estimates remain reimbursements keep reduce project may
02:15:30
morning director reduce concerns challenge fugate estimates questions thank happens
02:16:00
recovery funding response beyond questions various testimony focus permission portion throughout theme basics answers senators common needed submit
02:16:30
relative recovery density challenge mitigation aspects restoration extraordinary cost looking
02:17:00
talking types necessary challenge century disasters mitigation real amount constructions order may fiscal enormous money bring 20
02:17:30
smart thinking mitigate various basically thing necessary lessons disasters terms signatures saying changes head
02:18:00
underground walls boggling east secretary future challenges goes population wiring restoration costs talked density coast mind given
02:18:30
things appeared continue recovery enormity harm thoughts mention challenge three old hypocratic general socratic terms job oath
02:19:00
cut red tape smart things exactly regulations stand harm allowances job rebuilding indiana religiously school thing
02:19:30
money smarter request encourage second stand decisions whatever rebuilding smart terms supplemental farther find provide foremost port allow ways
02:20:00
invest mitigation federal recognize making investing studies something dollar government avoided costs propose specific every
02:20:30
costs sector future private avoiding potential real behooved areas president york worked asked important part reason hope proposal jersey parted
02:21:00
sector private funding mitigation future principals leverage capitalize state beneficiaries benefits local avoid level partners government leader smart today
02:21:30
damage areas programs read occupied minimal elevated kind insurance jersey connecticut flood able map showed weekend homes many power
02:22:00
destroyed underground effective including everything mitigation may city wide room salt talk often sense water homes caution flooded elevated strategy hospitals manhattan emergency
02:22:30
community state piece science glass mitigating scientists address gail overall basis impacts homeowner talk part
02:23:00
area thank focus mitigate solution damage persistence dense type infrastructure future urban much showed katrina hit best
02:23:30
treated example prepared military requests supporters set less area make sure hear must many tell never great joyful fairly protect whether country outcome
02:24:00
build live helping kinds program restore questions government things encouragement establishment taken without route away
02:24:30
people solve country help much problem commend assignment long established heroic administrator goes fugate thought heard may core
02:25:00
billion pretty whatever 45 president request secretary 55 information confirm assignments number week report willing along feel times
02:25:30
define week continue submit requests discuss something governors reports expect submitted mitigation working sure congress mayors coming
02:26:00
place rising picture talked tell happened destroyed sector away sectorizing miles consequence beach less couple thing homes
02:26:30
almost handled seen creates exempt problems nature past confirms normal resources states none replenishment damage already 50 turns state
02:27:00
within proposed limits available really encourage fact important matter resources understand number examine much
02:27:30
pull coverage proposal really inaudible anxiously assure insurance opportunity